# OCC and Fed Fine American Express $350 Million Over AML Deficiencies

> American Express pays $350m penalty for money laundering failures.
- Title: OCC and Fed Fine American Express $350 Million Over AML…
- Summary: American Express pays $350m penalty for money laundering failures. American Express faces $350 million fine from OCC and Fed for inadequate anti-money…
- Keywords: occ, fed, american express, aml, bank secrecy act, financial crime, money laundering, civil money penalty, ceo, stephen j squeri, business, finance
- Source: Pymnts — https://pymnts.com/legal/aml/2026/occ-and-fed-fine-american-express-350-million-over-aml-deficiencies
- Author: PYMNTS
- Published: 2026-10-09T02:52:02+00:00
- Read time: 1 min
- Topics: occ, fed, american express, aml, bank secrecy act, financial crime, money laundering, civil money penalty, ceo, stephen j squeri, business, finance
## Regulators impose $350m penalty
OCC and Fed fined American Express $350 million for anti-money laundering deficiencies.
## American Express responds
CEO Stephen J. Squeri states company is working with regulators to strengthen financial crime compliance.
## Deficiencies identified
OCC found inadequate resources, poor risk assessment, and broken suspicious activity monitoring processes.
## Key takeaway

American Express faces $350 million fine from OCC and Fed for inadequate anti-money laundering compliance.